Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.009%

Price spread now: Deribit against KuCoin−0.133%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.133% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	32.295	0.0100	pay 0.0050% / 4h	43m 37s	$2.0M	$2.8M	20x
Short	Deribit VVV_USDC-PERPETUAL	32.252	0	get 0.0000% / 1h	43m 37s	$91K	$23K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee DeribitbpOrdersPrice spread, now −0.133%Rate

Funding earned: −$21
Price spread: −0.133% → 0.000%: −$13.31
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$53.31
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 3 min ago	10.52 bp	28.3 bp −$28	752.7 bp −$7,527	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

VVV on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXVVVPERP	0.0000%	8h	32.269	−0.081%	$113K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUALshort	0.0000%	1h	32.252	−0.133%	$91K	$23K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.257	−0.119%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0017%	1h	32.247	−0.149%	$147K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.626%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.272	−0.072%	$396K	$604K	5x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	32.279	−0.050%	$12K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.312	+0.053%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.270	−0.077%	$480K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.258	−0.113%	$164K	$830K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	32.324	+0.090%	$74.9M	$55.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.315	+0.061%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.308	+0.042%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.301	+0.020%	$33.8M	$157.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.278	−0.052%	$39.6M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.283	−0.037%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.279	−0.050%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.297	+0.006%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	32.295	long leg	$2.0M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	32.281	−0.043%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.287	−0.025%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.328	+0.104%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.249	−0.142%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.253	−0.130%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.286	−0.027%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.275	−0.061%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.279	−0.051%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	32.298	+0.009%	$80K	$334K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.322	+0.084%	$57K	$299K	5x	as long as short
BloFin VVV-USDT	+0.0130%	4h	32.369	+0.229%	$1.3M	$1.8M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0137%	1h	32.293	−0.007%	$122K	$359K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0182% / S +0.0171%	1h	32.246	−0.152%	$620K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	−0.054%	$242K	$1.3M	25x	as long as short